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Singapore - Spectacle Lenses Of Glass Or Other Materials - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Spectacle Glass Lenses Market Overview 2022

Spectacle Glass Lenses Market Size in Singapore

In 2020, the Singaporean spectacle glass lenses market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Overall, the total consumption indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2013 to 2020, the growth of the market remained at a lower figure.

Spectacle Glass Lenses Production in Singapore

In value terms, spectacle glass lenses production dropped notably to $X in 2020 estimated in export prices. Overall, production saw a noticeable descent. The pace of growth was the most pronounced in 2012 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2013 to 2020, production growth remained at a somewhat lower figure.

Spectacle Glass Lenses Exports

Exports from Singapore

In 2020, spectacle glass lenses exports from Singapore declined notably to X tonnes, with a decrease of -X% compared with 2019. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, spectacle glass lenses exports reduced rapidly to $X in 2020. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Italy (X tonnes), Malaysia (X tonnes) and Indonesia (X tonnes) were the main destinations of spectacle glass lenses exports from Singapore, with a combined X% share of total exports. Hong Kong SAR, India, Taiwan (Chinese), China, Viet Nam, Thailand, Israel, the Philippines and Germany lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in China, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Malaysia ($X) and Indonesia ($X) constituted the largest markets for spectacle glass lenses exported from Singapore worldwide, with a combined X% share of total exports. Hong Kong SAR, India, Taiwan (Chinese), China, Viet Nam, Thailand, Israel, Germany and the Philippines lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average spectacle glass lenses export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price posted a resilient increase. The growth pace was the most rapid in 2018 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the countries with the highest prices were India ($X per tonne) and Italy ($X per tonne), while the average price for exports to Thailand ($X per tonne) and the Philippines ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Spectacle Glass Lenses Imports

Imports into Singapore

In 2020, purchases abroad of spectacle lenses of glass or other materials was finally on the rise to reach X tonnes for the first time since 2013, thus ending a six-year declining trend. In general, imports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. from 2010 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, spectacle glass lenses imports stood at $X in 2020. Overall, imports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2009; however, from 2010 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tonnes), Thailand (X tonnes) and Malaysia (X tonnes) were the main suppliers of spectacle glass lenses imports to Singapore, together accounting for X% of total imports. These countries were followed by the Philippines, Japan, Hong Kong SAR and Germany, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spectacle glass lenses suppliers to Singapore were China ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total imports. The Philippines, Japan, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further X Philippines saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectacle glass lenses import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, spectacle glass lenses import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Japan ($X per tonne) and China ($X per tonne), while the price for the Philippines ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spectacle lenses of glass or other materials in the world?
+
China (30K tonnes) remains the largest spectacle glass lenses consuming country worldwide, comprising approx. 16% of total volume. Moreover, spectacle glass lenses consumption in China exceeded the figures recorded by the second-largest consumer, India (12K tonnes), threefold. The U.S. (11K tonnes) ranked third in terms of total consumption with a 5.7% share.
What are the largest producers of spectacle lenses of glass or other materials in the world?
+
China (34K tonnes) remains the largest spectacle glass lenses producing country worldwide, comprising approx. 18% of total volume. Moreover, spectacle glass lenses production in China exceeded the figures recorded by the second-largest producer, India (12K tonnes), threefold. The U.S. (8.4K tonnes) ranked third in terms of total production with a 4.6% share.
What are the leading suppliers of spectacle lenses of glass or other materials to Singapore?
+
In value terms, China ($8.3M), Thailand ($6.5M) and Malaysia ($4.9M) constituted the largest spectacle glass lenses suppliers to Singapore, together comprising 69% of total imports. The Philippines, Japan, Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further 23%.
What are the leading importers of spectacle lenses of glass or other materials from Singapore?
+
In value terms, Italy ($2.4M), Malaysia ($2.4M) and Indonesia ($2M) were the largest markets for spectacle glass lenses exported from Singapore worldwide, together comprising 35% of total exports. These countries were followed by Hong Kong SAR, India, Taiwan (Chinese), China, Viet Nam, Thailand, Israel, Germany and the Philippines, which together accounted for a further 48%.
What is the average export price for spectacle lenses of glass or other materials in Singapore?
+
The average spectacle glass lenses export price stood at $275,127 per tonne in 2020, surging by 7.8% against the previous year.
What is the average import price for spectacle lenses of glass or other materials in Singapore?
+
In 2020, the average spectacle glass lenses import price amounted to $171,913 per tonne, increasing by 3.9% against the previous year.

Product coverage:
• Prodcom 32504153 - Unmounted spectacle lenses other than for the correction of vision
• Prodcom 32504155 - Unmounted single focal spectacle lenses for the correction of vision, with both sides finished
• Prodcom 32504159 - Unmounted spectacle lenses for the correction of vision, with both sides finished other than single focal lenses
• Prodcom 32504170 - Unmounted spectacle lenses for the correction of vision, other than those with both sides finished

This report provides an in-depth analysis of the spectacle glass lenses market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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